AUSTIN, Texas, Nov. 2, 2021 /PRNewswire/ -- Oracle today
announced a new cloud analytics solution that gives Oracle Fusion
Cloud Supply Chain & Manufacturing (SCM) customers the
insights needed to detect, understand, and resolve issues faster
throughout the supply chain. Built on Oracle Analytics
Cloud and Oracle Autonomous Data Warehouse, Oracle Fusion
SCM Analytics delivers pre-built metrics and dashboards that
are ready-to-use from day one and leverages machine learning to
help business and supply chain leaders control costs, reduce risks,
ensure customer satisfaction, and drive revenue.
The last 18 months have caused significant disruptions to global
supply chains and highlighted the critical impact supply chain
processes have on the bottom line. In fact, a recent consumer
survey found that 87 percent of Americans have been negatively
impacted by supply chain issues over the past year and that
people are concerned that supply chain disruptions, resulting from
events ranging from natural disasters to changing global trade
agreements, will never end. The survey also found that supply
chains have become a critical part of people's purchasing decisions
and that organizations that don't prioritize their supply chains
risk declines in customer loyalty and revenue.
"Supply chains are under immense scrutiny as organizations face
new and unexpected disruptions," said T.K. Anand, senior vice
president, Oracle Analytics. "Now more than ever, organizations
need real-time insights into every element of their supply chain to
help them make the right decisions and get ahead of disruptive
events and changing customer expectations. With Oracle Fusion SCM
Analytics, customers can quickly uncover supply chain performance
insights, identify issues, increase efficiency, and minimize supply
chain disruption."
Oracle Fusion SCM Analytics provides business leaders with a
comprehensive view of supply chain operations to better understand
the impact of their supply chain's performance on business goals,
and predict and prepare for future disruptions. With Oracle Fusion
SCM Analytics, customers will be able to:
- Gain Visibility into Supply Chain Performance: Improve
supply chain efficiency and optimize costs with KPI dashboards that
deliver deeper insights into order management and fulfillment,
inventory, and procurement. These pre-built analytics give business
leaders instant access to comprehensive metrics and a better
understanding of how their supply chain is performing, what areas
need to be improved, and where they may be able to save costs.
- Correlate Supply Chain Processes with Business Goals:
Easily assess the impact of supply chain decisions to key areas of
the business to optimize resources, reduce costs, and meet customer
service goals. The single data model that collects insights from
across the organization enables timely and accurate decisions. For
example, business leaders can respond to supply chain talent
shortage by examining HR and finance data from Oracle Fusion Cloud
Human Capital Management (HCM) and Oracle Fusion Cloud
Enterprise Resource Planning (ERP). This will help them identify
labor and skills needs across supply chain and operations so they
can build the teams they need to meet new demand. Organizations can
also enrich the analysis by incorporating third-party data such as
environmental, social, and governance (ESG) data, industry
benchmark data, and other external datasets within Oracle Cloud
SCM.
- Detect, Understand, and Predict Supply Chain Issues:
Machine learning and predictive analytics provide automated
insights into supply chain data to identify cost-saving
opportunities, surface operational bottlenecks, and predict future
outcomes. An open architecture supports data from external supply
chain stakeholders, e.g. third-party service providers, to be
brought to the warehouse. This allows business leaders to more
accurately and quickly adjust to supply chain disruptions like
sudden fluctuations in demand or component shortages. In addition,
these insights can be easily accessed through voice on any device.
For example, a business leader can ask "show me my supply and
demand forecasts by location" and the service will allow them to
see or hear the answer immediately on their phone, tablet, or
computer.
To help customers discover unique insights faster, Oracle Fusion
Analytics Warehouse enables organizations to break down
organizational silos and analyze financial, supply chain, and HR
data on a single integrated cloud platform. Fusion SCM Analytics is
the most recent Fusion Analytics offering for the Fusion Cloud
Applications suite, adding to Fusion ERP Analytics and Fusion HCM
Analytics.
Oracle Fusion ERP Analytics delivers the insights needed to
uncover the underlying drivers of profitability and identify
opportunities to optimize working capital with ready-to-use
financial insights. To enable finance, procurement, and business
leaders to better manage business operations and improve spend,
Oracle Fusion ERP Analytics has added new procurement, project, and
expense analytics:
https://www.oracle.com/news/announcement/blog/new-oracle-fusion-erp-analytics-capabilities-expand-financial-insights-2021-11-02/
Oracle Fusion HCM Analytics delivers the insights needed to
analyze workforce diversity, mitigate employee attrition,
understand employee retention trends, analyze compensation ratios,
and perform many other essential activities. To help HR, business
leaders, and managers make better, faster workforce decisions,
Oracle Fusion HCM Analytics has added new performance and internal
mobility, compensation, and workforce skills analytics:
https://www.oracle.com/news/announcement/blog/oracle-expands-fusion-cloud-hcm-analytics-enhance-workforce-insights-2021-11-02/
To learn more about Oracle Cloud SCM, please visit:
https://www.oracle.com/scm/
To learn more about Oracle Analytics Cloud, please visit:
www.oracle.com/business-analytics
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Trademarks
Oracle, Java, and MySQL are registered
trademarks of Oracle Corporation.
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SOURCE Oracle